Blackstone likes Siccar Point story
The global giant came to London almost five years ago and is enjoying the journey so far
Blackstone Energy Partners, a subsidiary of the global investment firm, entered the North Sea in 2014 with an investment in Siccar Point Energy alongside fellow private equity (PE) investor Blue Water Energy (BWE). It followed up in January this year by again partnering with BWE in Mime Petroleum, with a focus on the Norwegian continental shelf (NCS). The firm's senior managing director Mustafa Siddiqui, who transferred from Blackstone's New York office to London in 2014, spoke recently to Petroleum Economist's editor-in-chief Peter Ramsay. Edited highlights follow. PR: Would you agree that PE investment should be seen in a positive light for the industry? MS: I would, and I would say that t
Also in this section
9 April 2026
The April 2026 issue of Petroleum Economist is out now!
9 April 2026
Offshore operators are working through an FID backlog as the rig market consolidates, helped by improving project economics and a renewed security drive
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
